When asked which bank’s credit card is the best, most people would say China Merchants Bank’s credit card. Since we talked about China Merchants Union’s Haofi Loan before, let’s talk about China Merchants Bank’s credit card.

It is said that China Merchants Bank’s credit card is easy to use, but why is it so useful? It's definitely not going to be a discount or anything like that. Only girls care about discounts. What's the reason? The magic power of China Merchants Bank Credit Cards mainly has the following points:

First, the limit can be increased quickly

The first batch of China Merchants Bank Credit Cards will not have a very high limit. Ten thousand is good. However, it increases quickly. Usually, a temporary quota will be given to you in the first month of use, and a fixed quota will be basically given to you within three months.

There is no suspense, just spend more and the limit will increase quickly. It feels like the bank feels that you don’t have enough money and immediately sends you a text message to notify you of an increase.

2. Cash installment

If your China Merchants Bank credit card only has a limit of 20,000, the cash installment limit will reach 40,000 or even 60,000. The cash installment here does not occupy the credit card limit.

If you have a China Merchants Credit Card, pay more attention to the mobile app of China Merchants Bank. From time to time, the amount of cash installment will pop up, and there is another point that is the most attractive. That is, after your cash installment, the fixed amount will be adjusted accordingly. For example, if your limit is 20,000 and you distribute 30,000 in cash installments, then your fixed limit will be 50,000.

3. Car installments

Car installment quotas are mainly used to purchase cars, and usually the amount is hundreds of thousands. In other words, if you have a China Merchants Bank credit card, you don’t need to go to other banks to apply for a car mortgage.

One thing that needs to be reminded here is that when buying a car, the car dealer will tell you to go to an auto finance company for a loan. There are tricks here, one is the high interest rate, and the other is the marketers want to make money from you. It is better to go to the bank to apply, as the interest is very cheap.

4. E-Zhao Loan

This loan product is a purely online product launched by China Merchants Bank. The limit is automatically authorized by the bank. If you check that there is a limit, you can apply for it immediately, and the account will arrive in one minute. The speed is very fast, enter the amount, enter the verification code, and the money will arrive in your account in a short time. Usually there is no phone review and the account is received directly.

It should be reminded here that this loan is accompanied by a credit card limit. In other words, you must have a China Merchants Bank credit card to have an authorization limit. If you don’t have a China Merchants Bank credit card, you should at least have a China Merchants Bank savings card. Last year, a friend of mine had a credit card limit of 5,000 from China Merchants Bank, but E-Bank gave her a credit limit of 50,000. The reason is that she often uses credit cards, and her debit card transactions also go out frequently.

Fifth, no credit reduction

China Merchants Bank is a bit scary. It basically does not reduce your credit limit and often gives you various credit limits. Even if it is overdue, if you continue to use it for a while, the limit will be increased again. It's very strange, sometimes even a quota of hundreds of thousands is given.

Whether it is cash installment or loan, the amount given is not low. Not reducing the credit limit seems to have become an important symbol of China Merchants Bank. However, it is best to use it with a savings card. If you make frequent transactions, you will definitely be surprised.

The general situation is like this, useful things are useful after all. China Merchants Bank's risk control system is much better than other banks, which is why it has maintained the lowest overdue rate in the industry. Of course, in terms of overdue rate, Ant Financial’s overdue rate is lower than that of China Merchants Bank. This is Jack Ma’s strength.